By FIDELUS ZWANSON THE Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Kelvin Oye, has warned that certain provisions of the Nigeria Tax Act 2025 could undermine the objectives of the reform if not reviewed to reflect economic realities. Oye identified the cap on rent relief—limited to ₦500,000 annually—and restrictions on foreign […]
Nigeria First: A Familiar Promise, A Familiar Failure FOR decades, successive Nigerian governments have proclaimed their commitment to industrialisation and local production. Yet the country’s manufacturing sector continues to tell a story of stagnation, decline, and missed opportunities. The much-publicised “Nigeria First” policy of the Bola Tinubu administration, like similar initiatives before […]
Consumers to Get Faster Refunds Under NCC–CBN Failed Transaction Policy THE NCC and the CBN have developed a new consumer protection framework designed to ensure faster refunds for failed airtime and data transactions across Nigeria’s telecom and banking systems. The policy follows extensive engagements with industry players, including telecom operators, banks, and VAS providers, amid […]
By FIDELUS ZWANSON Tax Reform Controversy as Oyedele Challenges KPMG’s Findings A Law Under the Microscope NIGERIA’S newly enacted tax laws are facing intense scrutiny after a Dutch global accounting firm Klynveld Peat Marwick Goerdeler (KPMG) released a detailed review identifying perceived inconsistencies and policy gaps. While the firm acknowledged the law’s revenue potential, it […]
By OBI DAVIES Nigeria’s 2026 Bank Recapitalisation Enters the Final Phase WITH the 31st March 2026 deadline fast approaching, Nigeria’s banking sector is undergoing its most significant structural shake-up in more than a decade. The Central Bank of Nigeria’s (CBN) recapitalisation directive has moved beyond speculation into execution, reshaping balance sheets, ownership structures and long-term […]
By AUGUSTINA McSOLOMON-OGHAKPERUO Unlocking Nigeria’s Buried Wealth: Can Solid Minerals Deliver Lasting Revenue? A Sector Re-Imagined FOR decades, Nigeria’s solid minerals sector existed on the margins of national planning, overshadowed by oil. That is changing. Under President Tinubu’s diversification drive, mining has been repositioned as a strategic revenue engine. With […]
Over $9.5m Abacha Funds to Boost Abuja–Kano Road Project Funds From Corruption Back in Public Use MORE than $9.5 million stolen during Nigeria’s military era will soon be redirected to public infrastructure, as Jersey finalises plans to repatriate funds linked to former dictator Sani Abacha. The return follows a Memorandum of Understanding between Jersey and […]
By FIDELUS ZWANSON Between Revenue and Ruin: The Fiscal Shock Test A Sector Already in a Corner NIGERIA’S insurance industry entered 2025 already defensive, not offensive. The NIIRA 2025 reform raised minimum capital requirements across life, general and reinsurance firms, forcing companies to either raise new equity or face regulatory non-compliance. The […]
70% Control Was Not Just a Number — It Was a System THE Aro story is not simply about dominance, but systems innovation. Their 70% control over slave-trade routes came from: Riverway governance Market colonisation Political brokerage And spiritual enforcement. They built a commercial republic that required no king to rule, only routes to regulate. […]
By FIDELUS ZWANSON Financial Inclusion and Diaspora Angle Nigeria Records 4.36 Million New BVNs in One Year — NIBSS NIGERIA added 4.36 million new Bank Verification Numbers between December 2024 and December 2025, pushing total enrollment to 67.84 million, according to the latest figures from the Nigeria Interbank Settlement System (NIBSS). The increase represents a […]